ConnectM EV Solutions revenue up 200% YoY; Q1 2025 guidance of $11.3M (+100% YoY)

ConnectM Technology Solutions, Inc.

EV Solutions revenue grew 200% YoY in FY2024, driven by 9 new OEM partnerships including VST Tractors, Force Motors, and JBM.
Energy Intelligence Network supports over 25,000 EVs (+48% YoY), adding 2,000-3,000 vehicles monthly for recurring subscription revenue.
Q1 2025 preliminary revenue guidance of $11.3M, up 100% YoY from $5.7M and 26% from Q4 2024 guidance of $9M.
Cumulative sustainability impact: 40.8M lbs CO2 reduction and 1.3M gallons fuel savings over three years.
Full-year 2025 revenue guidance expected on 2024 earnings call; Advanced Metering Infrastructure targeted $15M incremental revenue by 2027.

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